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SOME CURRENT LEGAL ISSUES CONCERNING TRADE AND INVESTMENT IN EGYPT Howard L Stovall* In this article a few observations will be made on the current commercial environment in Egypt, then I will briefly summarize the modern development of certain Egyptian commercial laws and, finally, discuss some of the more important legal issues which may arise when a foreign company is selling to, or doing business in, Egypt. COMMERCIAL ENVIRONMENT The Arab Republic of Egypt ("Egypt") holds a strategic political, cultural, and commercial position in the Middle East, at a point where Europe, Asia and Africa meet.1 1 Egypt enjoys substantial financial and political support from the United States and other Western governments. In the summer of 1986, then-Vice President George Bush visited Cairo and confirmed: "A stable Egypt is vitally in the interest of the United States".2 2 Among the more publicized recent examples of such financial support: the French helped build Cairo's new subway, the Americans and British are coordinating the mammoth Cairo wastewater project, and the Japanese government funded Cairo's new Opera House (officially named the "Education and Culture Center"), which opened last October in Zamalek. 3 Foreign companies continue to find Egypt to be a
Arab Law Quarterly – Brill
Published: Jan 1, 1990
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